Byju Raises $300 Million at $18 Billion Valuation for Edtech Industry

Byju is an Indian leading company focused on educational technologies. It provides personalized learning programs for students of K-12, LKG, and UKG, as well as for exams as JEE, NEET, and IAS. Moreover, Byju is a school learning app developer.

The funding round was led by Oxshott Capital Partners. Among other investors were XN Exponent, Edelweiss, Verition Master Fund, IIFL, and Time Capital Advisors. The main aim of the company is to foster expansion and seek merge and acquisition opportunities.

Byju was founded in 2011 by Byju Raveendran and Divya Gokulnath. They started with making video learning programs for students. In 2015 the company entered Deloitte Technology Fast 50 India and Deloitte Technology Fast 500 Asia Pacific. Then, in the same year, the Byju App was launched. Due to the pandemic, the company was able to accelerate its growth and bought Akaash and Great Learning.

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